In a statement, Fitzpatricks group chief executive John McMurdo announced that Marnie Page, Colin Lewis and Amanda Wilson will join the business in the roles of head of adviser experience, head of technical services, and head of advice and licensee compliance, respectively.
“I am delighted to announce three key appointments to our group, all designed to: strengthen our advice offering and support our advisers to build great outcomes for their clients,” said Mr McMurdo.
“At a time where many in our sector are questioning their advice model, we are committed to promoting the value of advice and to support our advisers. I believe we have a real opportunity to take a leadership role within the industry.”
All three of the new staff have more than 20 years’ experience in their fields, with Ms Page joining from AdviserLogic, Mr Lewis making the move from Perpetual Private, and Ms Wilson from Macquarie Bank.
“Fitzpatricks has been built on the core tenets of a professional services firm. Part of that commitment is to support our advisers with the highest calibre technical, professional standards and business support,” Mr McMurdo said.
“Fitzpatricks continues to grow strongly as the flight from institutionally sales based approaches to advice professionalisation plays out. These key appointments further under-line our commitment to support our community of advisers and I know these three experienced individuals will provide a significant contribution in supporting our advice business.”
Looking at these people’s background I’d have to ask what possible value could they add. An ex software salesperson? Advisers have three new salaries to pay for now. That’s in addition to the press release person. ASIC with Dover, has sent a clear message it dosen’t like large licensee’s. Seems like you need 3 more salaries to talk advisers into staying just so you can get 30 days notice to leave with your fees turned off straight away by Colonial when ASIC closes you down.
Why is it that Advisers are happy to leave the destiny of Advice in the hands of Banks and mobs like these. Reduce your costs, increase your compliance support and simply ring the advice firm up the road and say “maybe we should pool our resources and get our own license”.
Dover V2.
That is ridiculously uninformed. Troll alert.
Haha wow…hardly apples with apples there sport.
I’d love to hear your explanation for the “Dover V2” comment. It seems a very convenient throw away line from where I’m sitting – do you actually know the exact reasons for ASIC shutting down Dover? Please enlighten us all….
Unsubstantiated as per most of the criticism of Dover – I don’t think ASIC even know. And ASIC didn’t shut them down by the way.
When life commissions get fully banned and service/review fees are banned from super…and we are made to charge only when a job is done, the only exec jobs i can see being of any value is business development, i.e. trying to find new clients to remain profitable. Sorry to be the bearer of pessimism. Providing a fantastic client experience and charging squillions is so old fashioned now.